Moscow Digs In as Western Sanctions Mount Over Ukraine -- Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Gregory L. White, Anton Troianovski and Laurence Norman Pro-Russia rebels in eastern Ukraine saw some of their worst battlefield setbacks in weeks Monday as the West agreed on tougher sanctions aimed at forcing Moscow to cut support for the ...

City, State Seek Dismissal of Suit Challenging Property-Tax System

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Josh Barbanel The city and state have moved to dismiss a challenge to the city's property-tax system by black and Hispanic renters. The plaintiffs contend that rental buildings are taxed at higher rates than co-ops, condos and private houses, ...

Airbus Completes Acquisition of Germany-Based Salzburg Munchen Bank

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Marion Halftermeyer PARIS--Airbus Group (AIR.FR) said Tuesday that it completed the acquisition of Salzburg Munchen Bank AG through a share purchase agreement that will allow the French aircraft manufacturer to establish its own in-house bank. With its own bank, ...

European Stocks Slip as Investors Seek Safe-Harbor Assets--Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Josie Cox Investors clambered for safe-harbor assets Tuesday, spurred by uncertainty over the breadth and severity of a next round of Russian sanctions, sending German government bonds to their strongest levels on record. The yield on the 10-year German ...

EU Will Add to Ukraine Sanctions List--Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Matthew Dalton and Laurence Norman BRUSSELS--The European Union is preparing to add at least five individuals and two entities to its Ukraine sanctions list, for the first time targeting oligarchs who the bloc says are supporting or benefiting from ...

Oil Futures Subdued on Demand Worries

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Eric Yep Crude-oil futures extended losses in Asian trading hours Tuesday as concerns over weak demand offset the impact of sanctions on Russia and additional violence in the Middle East. On the New York Mercantile Exchange, light, sweet crude ...

Moody's Raises Vietnam Credit Ratings; Outlook Stable -- Update

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By WSJ Staff Moody's Investors Service upgraded the ratings of Vietnam on Tuesday, citing the country's emerging track record of macroeconomic stability. The rating firm said it raised the senior unsecured and issuer bond ratings of Vietnam by one notch, ...

Ecobank: Kenya Oil Segment Needs $16 Billion Investment

TODAY: July 29, 2014 PUB DATE: July 29, 2014

NAIROBI--Kenya's oil exploration and production sector needs more than $16 billion of investments over the next three years according to a report by pan-African bank, Ecobank, released last week. Ecobank said Kenya is expected to join the league of oil ...

BOJ Ishida Cautious Over Consumption and Exports

TODAY: July 29, 2014 PUB DATE: July 29, 2014

SHIMONOSEKI, Japan--A member of the Bank of Japan policy board on Tuesday sounded a slightly cautious note on the nation's economy as consumption has yet to clearly pick up amid the hangover from the April's sales tax increase and stagnant ...

EU Clears Poland Restructuring Aid to LOT Airlines

TODAY: July 29, 2014 PUB DATE: July 29, 2014

BRUSSELS--The European Union competition authority approved Tuesday a EUR200 million ($268.68 million) aid package the Polish government plans to give LOT Airlines, the troubled national flag carrier. After years of losses, Poland gave LOT a EUR100 million bailout last year. ...

Swiss Property Market Starts to Cool

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Neil MacLucas ZURICH--Signs are emerging that the recent price boom in Switzerland's property market is starting to ease as the government, the central bank and banks toughen up their lending rules. House and condominium prices in Switzerland have seen ...

S Africa Unemployment Rate Rose to 25.5% in Q2

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Patrick McGroarty JOHANNESBURG--South Africa's unemployment rate swelled to 25.5% in the second quarter as strikes plagued the country's slow-growing economy, according to statistics released Tuesday. South Africa's national statistical agency said the unemployment rate increased to 25.5% from 25.2% ...

Currency Trading Falls Into Torpor

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By James Ramage, Katie Martin and Josie Cox Currency-trading volume is shrinking at the fastest pace since the financial crisis, the latest sign of the placid conditions that have frustrated traders in markets around the globe this year. The amount ...

CURRENCIES: Dollar Hits 3-week High Against Yen On Nikkei

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Hiroyuki Kachi The dollar rose to a three-week high against the yen in Asia trade Tuesday, buoyed by strength in the benchmark Nikkei stock index and buying related to month-end regular settlement for commercial transactions. The dollar rose to ...

Moody's Raises Vietnam Credit Ratings; Outlook Stable

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By WSJ Staff Moody's Investors Service upgraded the ratings of Vietnam on Tuesday, citing the country's emerging track record of macroeconomic stability. The rating firm said it raised the senior unsecured and issuer bond ratings of Vietnam by one notch, ...

UK Mortgage Approvals Higher Than Expected In June

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Nicholas Winning and Jason Douglas LONDON--The number of loans approved for house purchase in the U.K. rose more than expected to a four-month high in June, a sign the mortgage market is adapting to tougher measures designed to reign ...

Oil Prices Continue to Shrug Off Geopolitical Tensions

TODAY: July 29, 2014 PUB DATE: July 29, 2014

By Cassie Werber LONDON--Brent crude oil prices were slightly up Tuesday morning and U.S. oil was almost unmoved as traders shrugged off the likelihood of increased sanctions against Russia. Europe is Russia's largest trading partner, and it is expected to ...